Infosys US-listed shares climbed 5.4% in premarket trading after the company raised its FY26 revenue growth forecast to 3%-3.5% from 2%-3%, following strong Q3 results. Revenue hit $5.1 billion, up 0.6% sequentially in constant currency, with robust $4.8 billion in large deal wins, 57% net new. Margins held steady at 21.2%, signaling IT sector revival amid AI demand.
Infosys reported solid Q3 FY26 earnings, beating revenue expectations and prompting an optimistic guidance upgrade. The Bengaluru-based IT giant's performance reflects strengthening client spending, particularly in financial services and AI-driven projects via its Topaz platform. CEO Salil Parekh highlighted enterprise AI as a key growth driver, with clients viewing Infosys as a strategic partner.
Adr Price Movements
US-listed ADRs of Infosys (INFY) jumped 5.4% in premarket trading on NYSE to around $18.46 from previous close of $17.52, per RTRS reports, reflecting strong investor reaction to the earnings beat and guidance hike. Earlier reports noted gains up to 2.28% to $17.92 amid initial trading, with volumes picking up on optimism. This marks a positive turnaround for Indian IT stocks amid signs of tech spending revival.
Key Highlights
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Q3 revenue at $5.1 billion, +0.6% QoQ in constant currency
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FY26 revenue guidance now 3%-3.5% from prior 2%-3%
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Large deals TCV $4.8 billion, 57% net new
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Adjusted operating margin steady at 21.2%
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Headcount grew by over 5,000; attrition at 12.3%
Sources: Reuters (RTRS), Investing.com, Bloomberg